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Hey, does anyone have the contact information for the team at Wall Street bets? Ha ha. do you think we could get a run on this?
Would you share your math for the .18?
Great post! I agree with you. It’s like he’s a sort of Stock missionary trying to convert people away from something that they have already done the research on and chose to buy. I totally agree that anybody that owns the stock wants it to do well unless they’re shorting it. This stock doesn’t appear to be shorted, so it makes no sense. The only thing I can think of is perhaps he got his feelings hurt in the past or got his butt kicked. No he feels that that will happen to everyone?
Is there a way to edit posts? Let me try again on my last post. Somehow I had an extra zero. 14,045 shares traded at .0219
I totally agree with you. One of those buys was mine. I put in a buy for 17,670 shares and my price was at a limit of 0.0219. 14,0 045 shares filled at 0.0219 and 3625 shares filled at .02. I seldom have seen a mid transaction reduction in price when I have hit the ask. Ha ha.
I totally agree! With the basis of agreeing being the premise that they can deliver an NFT site that can get some traffic. NFTs are in the “first inning” of a nine inning game. This has huge upside potential. I saw Opensea just did a latest round of funding (per Yahoo Finance) and raised 300 million. You look at some of the pictures being sold when you ask yourself who on earth would buy that? But I guess there is a Customer.
So I am looking at a stat on Opensea which is like the Walmart of NFTs. For 2022 they collected 1.8 billion in fees and earned revenue of 571 million. I just logged on to NFT.coinbase.com I didn’t see any feet pics for sale, haha, but the site is very simple- just like ours is going to be when it is fully functioning. Team, imagine if we could do just 5% of what Opensea does our first year. That would be around 28.5 million in revenue. Is that worth paying two cents a share right now? I think so. If half of that was profit, that would mean an Earnings per share at par of around .08. That is without any speculation.
So we have had a few bashers today. There are always dogs that are going to be nipping at your heels. Not just in stock but in life . The Beatles did a great song about the tax man. Ha ha. So let’s just circle back. The roadmap is to create the worlds first publicly listed Marketplace for buying selling trading and storing NFTs. “We are building a modern day, eBay and PayPal for nonfungible token NFTs using Blockchain protocols with market penetrative through social influence.”
As with anything, it remains to be seen, whether or not they accomplish their goal. I’m under the impression that they already have a contract to do some NFTs for Starbucks. Can anyone else confirm that? Now reference the current share price of just two cents. To those that think that this company will be worth more than two cents a share-it seems like it’s a heck of a buy right now!
Or in other words, those shares have not been given a value that would need to have a reverse split against them. Only 166 million have been used for actual capital purposes. Aren’t the other 334 million shares technically “non issued”? A sort of credit line? Otherwise they would be circulating in the market. Am I thinking of this wrong?
Sam, any idea why they would want to reduce the shares that can be sold into the market? The authorization is there to put out there 500 million. They only have 166 million in circulation. So technically speaking, there are only 166million shares right? Isn’t that like saying that you are preapproved for a loan, but you haven’t actually loaned the money yet?
Team, I would love your thoughts on how the higher share price is going to happen. Sorry that sounds like a dumb statement. Do you think that we’re going to have to trade up to that higher level or do you think you will wake up some day with the symbol changed and a newly assessed fair value? Have any of you ever been part of these reverse mergers in the past?
So 150m could be .90 at fair value. 210m could show 1.27. Dang, if they get 1/2 of 150m, that would still be around .45. With luck, it will happen. Fingers crossed.
Great info, thanks for the heads up on that.
I’m looking at that NFT marketplace.io website. The key phrase is, “target market cap on list 100 million.” Direct quote. So again factoring that down into the share price and the market cap would have to be $.60. This with about 166 million shares outstanding. They are authorized to use 500 million shares but they don’t have that many in circulation.
I agree with you. All you have to do is try and buy some shares and you see them raising the ask promptly. If some buy volume comes in, it could move fast. My only concern is that they haven’t been keeping the bid close enough to the ask. Those that wanna buy in also want to know that they can flip it and take a profit. I think that they purposely been doing this so that the stock doesn’t get played.
Very fair reply. I think that most are taking the Market cap that they said they are hoping to open with—divided by the shares in circulation. What I take that to mean is about a 100 million market cap divided by 166 million shares. That is about a .60 share price. I have no idea if they have been able to raise more funds.
Hey, are you looking for that 8 to 10 cent prior to the symbol change? Just curious what your call is for post symbol change. I’ve seen anywhere from $.60-$.90 based purely on the capitalization values that have been share.
Nice trades happening today team! Go BABL!
Fidelity takes orders no problem.
Love it. Are you thinking that we’re going to see five dollars? Clearly, I am not dreaming to the level that I should. Ha ha.
So a little bit to share on bid and ask. I decided just to hit the ask when it was at .022. Put in 100,000 share order. When I did it raised the bid up to .022. It instant took the ask up to .024. It took about 10 minutes to fill my order at .022. During that time I actually put in a small sell for 1670 shares and it took at .022 which was where the original ask was at the time of my 100k share order. As soon as my order filled the bid instantly dropped back to .012. Team, where I’m going with this is these guys are extremely short on shares. Not shorting, but the available supply must be low. They raised the bid to the ask I hit just long enough to process my transaction. When and if some volume comes into this stock if they are essentially reselling the shares that people are selling back to them- this is going to scream.
I agree with you.
Interesting, I just canceled my order at 0.015 which at the time was the same as the bid. After I canceled it, the bid dropped to 0.0111.
Thank for checking.
Ok, I see what your using, I am using the figure of about 166 million shares outstanding. I think you’re referring more to just what is out in the float.
If they do end up having $100 million market cap divided by 165 million shares outstanding we are looking at about .60. I think that you have to use the figures of the full amount of outstanding shares. (My understanding) I am thinking that we will be lucky to raise 25 million. I’m using that figure. I’m hoping for 15 cents :) Trust me, I like your math better. Ha ha.
Team, those of you that have Level 2 have taught me something today about All or None orders. I am going to put in another order and if you can see it, I would love a heads up. I am going to key 317,500 shares at 0.015. Would you tell me if you can see it.
So, my order didn’t fill. Ask is clear up to 0.0195. I love it. The bid is going to follow eventually. I don’t know if the Market Makers follow this board, (I doubt it) but I plan on pouncing on the ask if it drops back down. I am approaching my basis of .02, and right now- I am still looking for a lower price to add shares. Pulling my order.
I appreciate that heads up. I didn’t know that.
Ok, still didn’t fill. Some just bought more. Ask now at 0.0155. Last time I am going to chase this today. Now going to 307,500 shares at 0.0155. We will see what happens. Current share traded is at 113,421. If my order takes it will change to 420,921 shares traded. Here we go.
Somebody just bought 99,420. That kicked the ask up to 0.0146. I am going to update to 326,500 shares at 0.0146
So, I am going to move my purchase price up to the ask. We will see if they fill it. I am doing All or None on the instructions. I am going to put in a buy for 328,750 shares at 0.0145. I’ll bet they raise the ask again and won’t fill it. Here we go.
I do in fact have an all or none in place at 0.0125. The ask is currently at 0.0145, so my order is not going to hit. I have to chuckle that it looks like somebody traded one share so far today. I guess that was to see if the bid or ask would hold? My point is that the price I gave my order in for would have been good enough last week to have the transaction go through. It is open right now and there are no takers.
Lamb, what is your math on that 1.54. Man, I would love that!
Nicely done! I am leaving my good till cancelled in place. Again, it is set at 380K shares at .0125. All or none.
I have a good till cancelled order in at .0125. 380K shares. If they drop the share price we might see a pop.
I spoke too soon. The bid just dropped to .0085. Ask still .012.
I agree with you. The spread has been so wide that there hasn’t been a way to game this stock. I think that has been a good thing. I am late to the party on this stock. My basis is .02. At no time since I got in about 4 months ago has the bid been anywhere close to a price where I could sell for a profit. That is likely what has kept the share trading volume low. Unless you have willing to buy and hold, this hasn’t been a “tradable” stock off of the highs and lows.
Hey, I like your thinking. I keep doing this same calculation. I keep using a number way smaller. Let just say he digs up 25 million. 25 million divided by 165 million shares outstanding would give a fair value of at least .15. You can use that as a starting point. 50m would be .30 and so forth. You just don’t know if he can pull of that level of interest.
Love the progress we are making Team! Showing a penny on the bid. That’s the highest this has been in a month. The spread between bid and ask is small right now. Bid .01, Ask 0.012. About 10 minutes into the market open.